Definition: Real expenditures

Purchasing power parities

National expenditures that have been converted to a common currency and valued at a uniform price level with PPPs (Purchasing power parities). Expenditures so converted reflect only volume differences between countries.
Source:
Eurostat, Organization for Economic Cooperation and Development (OECD), "Eurostat-OECD Methodological Manual on Purchasing Power Parities", Publications Office of the European Union, Luxembourg, 2012
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